Billionaire Farhad Moshiri: This is what I’ll do at Everton

“After an exhaustive search I believe we have found the perfect partner to take the club forward”

Bill Kenwright

“I am delighted to take this opportunity to become a shareholder in Everton, with its rich heritage as one of Europe’s leading football clubs.” said Moshiri.

“There has never been a more level playing field in the Premier League than now. Bill Kenwright has taught me what it means to be an Evertonian and I look forward with excitement to working with him to help deliver success for Everton in the future.”

Kenwright and fellow director Jon Woods are set to remain on the board, although Robert Earl could leave.

“After an exhaustive search I believe we have found the perfect partner to take the club forward,” said Kenwright.

“I have got to know Farhad well over the last 18 months and his football knowledge, financial wherewithal and True Blue spirit have convinced me that he is the right man to support Everton.”